. . TAXES AND TAXATION : UNITED STATES: POLITICS: Buffetts Remarks Energise Tax Debate . . August 16, 2011 6:55 pm Buffetts Remarks Energise Tax Debate By James Politi in Washington Financial Timeshttp://www.ft.com/cms/s/0/ 27cb996e-c828-11e0-9852-00144feabdc0.html?ftcamp=rss#axzz1VHLiXQUv
. A shorter URL for the above link: . http://tinyurl.com/4389tau . .Warren Buffett, the billionaire investor, has at various moments in recent years advocated higher taxes for wealthy Americans. But when he reiterated and expanded his views this week, it struck a particularly sensitive chord as Congress gets ready for a fresh round of negotiations about reducing the countrys debt burden.
.Supporters of tax increases on the rich from President Barack Obama to Democratic lawmakers were satisfied to have one of the countrys most successful billionaires on their side. Opponents of combining spending cuts with tax increases to steady Americas long-term public finances including many Republicans were incensed.
. snip .During the next three months, a panel of 12 US lawmakers six from each party will be trying to reach an agreement about how to save an additional $1,500bn from Americas budget over the next 10 years.
.The White House and Democrats would like to see some higher revenues taken from the wealthiest Americans, while Republicans fiercely oppose that measure.
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